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Current Attempt in Progress Blossom Corporation has two products in its ending Inventory, each accounted for at the lower of cost or market. Aprofit margin
Current Attempt in Progress Blossom Corporation has two products in its ending Inventory, each accounted for at the lower of cost or market. Aprofit margin of 30% on selling price is considered normal for each product Specific data with respect to each product follows: Product 1 Product #2 $27 $53 14 29 Historical cost Replacement cost Estimated cost to dispose Estimated selling price 24 26 54 83 In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Blossom use for products #1 and #2, respectively? O $29 and $30. $14 and $29. O $14 and $32 O $29 and $32. W RA MacBook Pro
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